News Update

Pay Highest Royalty, KPC Won the Finance Minister Award

8 months

PT Kaltim Prima Coal (KPC) has been named the largest royalty paying company or the largest non-tax revenue (PNBP) contributor in 2017. The award was given directly by Minister of Finance Sri Mulyani Indrawati and received by KPC Chief Finance Officer Ashok Mitra on Thursday (30/11), at Dhanapala Building, Office of the Ministry of Finance of the Republic of Indonesia.

The largest contributor of PNBP payers (royalty) has been received by KPC in the last two years, since the awarding of the award from the Ministry of Finance of the Republic of Indonesia. KPC's category is the largest company who manages non-oil and gas natural resource.

Prior to the award presentation for PNBP payers, KPC has also been recorded as the highest company contributing to Non Tax Revenue, in the period 2010-2014. "We know from the report of EITI (Extractive Industries Transparency Initiative) Indonesia from the Ministry of Finance," said Chief Finance Officer of Ashok Mitra after receiving the award.

"KPC is grateful for the appreciation of the Government. This award encourages KPC in realizing it's commitment to continue to obey and participate in the development of Indonesia, "continued Ashok.

General Manager of External Affairs and Sustainable Development (ESD) Wawan Setiawan expressed his gratitude for the support of stakeholders so that KPC's operation runs well. "Well operation makes us able to give the highest contribution to the country. Thanks to all stakeholders, especially local governments and communities around the mine so the company can operate well and give contribution to the development," said Wawan.

Furthermore, Wawan requested support from all the public and security apparatus, in order to maintain the National Vital Object as a regional asset and national asset. "Please safeguard KPC as a regional and national asset as it is a source of income for the state and the region," said Wawan.

Meanwhile, Finance Minister (Finance Minister) Sri Mulyani Indrawati said PNBP is not merely a revenue but a reflection of a government service to the community. "The state can collect, but the levy is to serve, the country should not collect without rules, if we collect without rules, we are thugs, the state is governed by the law," she explained.(*

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